807 Oak Shadows Rd Kissimmee, FL 34747
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About this home
Welcome to Celebration, Florida—a charming Disney-developed community where this exceptional 6+ bedroom, 5.5-bath home sits on an oversized, ultra-private lot with only one neighbor! Boasting a brand-new first-floor owner’s suite, this retreat features double walk-in closets, a two-sided fireplace, a spa-like double shower with dual toilets, and a private porch overlooking the peaceful surroundings. An additional owner’s suite upstairs provides the perfect layout for multi-generational living. This home has been thoughtfully updated, including a new 1-bedroom garage apartment, ideal for guests or rental income. Enjoy an elegant Florida room off the kitchen, a cozy den, and stunning hardwood floors. Step outside to a double front porch or unwind on the oversized rear deck, where you'll take in breathtaking preserve and water views from the expansive fenced yard. Located directly on Celebration’s 24-mile trail system, you're just a short walk from downtown Celebration’s shops, restaurants, and schools. Plus, you're minutes from Disney World, airports, and major highways. With a new roof and countless luxurious touches, this home is move-in ready and waiting for you! Don’t miss your chance to own a slice of magic in one of Florida’s most sought-after communities. Schedule your private showing today!
Source: STELLAR #O6285939
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.